Forex

Day 6 –19 January

Another poor day which never recovered from two full stop-outs early on.

The service was stopped at 16:48.

The average variance between Paul’s signals and my entries was 0.5 pips.

Raw Data:

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Today’s Summary:

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In Total:

Filed under Forex,Spread Betting,Trading by Arthur

Day 5 –18 January

Another difficult one to summarise. Headline is 39 pips up for the day bit this does not tell the whole story. Early birds will have caught a nice move for 80-ish pips and the service was 144 pips at one stage. People should have stopped trading at that point as 100 pips, or 50 pip targets had easily been achieved.

However I keep recording the signals so that anyone thinking of only using this service at lunchtime or in the afternoon can see whether it is worth their while. It is interesting to note that the lunchtime session is in profit, just, but never the less…!

One last comment on the day; Paul caught a massive move around some news at 9:30. This could easily have gone the other way and put a different light on today. I need more data before deciding whether this was luck or whether this was due to Paul’s trading strategy.

The service was stopped at 17:00 although there were no signals after 14:39.

The average variance between Paul’s signals and my entries was 1 pip.

Due to server issues signal-to-signal service was unavailable most of the day. In its place we had a trade and stop strategy instead, hence the raw data shows a couple of close signals.

Raw Data:

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Today’s Summary:

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In Total:

Filed under Forex,Spread Betting,Trading by Arthur

I must admit to being undecided how to describe today. My personal trading plan does not allow me to trade on US Bank Holidays, so if I was trading TEC Live I would have had a no trade day.

However Paul has called some signals today; I suppose that means he expected his members to follow them and therefore I have added them to the running totals. Paul’s first signal wasn’t until late in the morning, and he stopped early afternoon. Further I opened a trade that I should not have opened this morning; I heard the buzzer and opened a BUY but as I was not listening to the chat I did not know this signal was due to an “indicator reset”. I have included this trade in the results too because I did open it.

All we can do is hope that the return to what should be normal ForEx markets tomorrow will see us return to the sort of profits seen in early December.

The service was stopped at 15:39 although I was a few minutes late.

Paul did not show the entry points of the last trade on the signals page. Allowing for that, the average variance between Paul’s signals and my entries was 0.7 pips.

Raw Data:

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Today’s Summary:

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In Total:

Filed under Forex,Spread Betting,Trading by Arthur

Trading suspended, I believe for two days, due to some nastiness (and that is a very mild word for what has gone on here) that requires Police investigation. Paul has promised that this will not affect the subscription in any way.

If, and perhaps when, the service is resumed I will continue with the reports.

Filed under Forex,Spread Betting,Trading by Arthur

Day 3 –12 January

No disguising it, not that I would, a very bad day.

My personal daily stop-loss is three times the trade stop-losses. This kind of follows a “three strikes” rule. I posted my stop-losses per trade yesterday, so my daily stops are Scalp 10 pips strategy: 3 x 15 pips, Scalp 15 pip strategy: 2 x 20 pips, and Signal-2-Signal is 3 x 40 pips on GBP/USD.  These stops were taken out at 12:33 so that is the limit of today’s loss. To be fair, Paul suggested ceasing trading several hours earlier, and I had heeded that advice my loses would have been roughly halved.

I am judging the success or failure of this service based on Scalp 15 pip strategy plus Signal-2-Signal. So far my experience has been:

Day 1: -48.30 and -40.10 for -88.40 pips

Day 2: +60.90 and 62.40 for +123.30 pips

Day 3: -77.60 and -115.70 for -193.30 pips (-158.4 pips overall, or -£1584)

The service was stopped at 15:35 as the markets just wouldn’t play ball with Paul today at all (as the raw data below indicates).

Paul did not show the entry points of the last trade on the signals page. Allowing for that, the average variance between Paul’s signals and my entries was -0.1 pips, so I got slightly better prices than Paul.

Raw Data:

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Today’s Summary:

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In Total:

Filed under Forex,Spread Betting,Trading by Arthur

Day 2 – Tuesday 11 January

The service stopped at 16:58 for the day.

My stop-Losses are as follows: for the 10 pip scalp, 15 pips; for the 15 pip scalp, 20 pips, for trading EUR/USD 30 pips and for trading GBP/USD the stop-loss is 40 pips.

I was around all day and followed these signals:

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Today’s Summary:

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In Total:

Filed under Forex,Spread Betting,Trading by Arthur

Day 1 – Monday 10 January

I had to nip out to two Doctor’s appointments; these coincided with most of the day’s positive movements! So my experience yesterday was a losing day.

The service stopped at 16:15 for the day.

It’s a little difficult to match my results with Paul’s but signal-to-signal it appears I missed around 80 pips of profit, which would make one hell of a difference to the figures. The scalps would probably remain in negative territory but reduced by around 20 pips. There were also so teething troubles with the MetaTrader script I have developed to close existing TEC trades and open new ones which account for some of the loses too.

There were some technical difficulties in the morning to do with the beeps and boings that can be used to manage the trades. However, the average variance between Paul’s published signals and the entries I took on SmartLive Markets MetaTrader was 0.7 pips.

Filed under Forex,Spread Betting,Trading by Arthur